Indian Oil Corporation Limited Tender

... More
Search from a plethora of business opportunities for Tamil Nadu tenders posted on the eProcurement TamilNadu website and other online and offline sources. Here, on BidAssist, you can find the best tender opportunities to boost your enterprise by finding work in Tamil Nadu government tenders, PSUs, Municipal Corporations and more. Read on to learn about the bidder registration process, DSC and more.

Indian Oil Corporation Limited - IOCL Tender

Works
Eprocure
Opening Date13 Feb 2025
Closing Date27 Feb 2025
Tender AmountINR 2,20,60,775 (USD 2,51,917)
Download

AI Insights

Class Of Bidder
... View More
Class-I and Class-II local suppliers are eligible to bid, however, it is not a strict requirement to bid, rather a preference for purchase is given to Class-I local suppliers and MSEs. Non-local suppliers are also eligible to bid in cases of Global tender enquiries.
Bid Capacity
... View More
The bid capacity required to bid can be determined by the following parameters: a) Annual Turnover: The turnover of the Bidder during any of the preceding three financial years should be at least 60% of the annualized estimated value of the work with GST under consideration, i.e., Rs. 1,37,36,000.00. Formula: Turnover ≥ 0.6 * Annualized Estimated Value b) Single Work Order Value of Similar Works: The value of completed work for evaluation shall be considered as under: (i) Three similar completed works each costing not less than 30% of the estimated cost, i.e., Rs. 66,19,000.00 (ii) Two similar completed works each costing not less than 40% of the estimated cost, i.e., Rs. 88,25,000.00 (iii) One similar completed work costing not less than 50% of the estimated cost, i.e., Rs. 1,10,31,000.00 Formulas: (i) 3 * Similar Work Value ≥ 0.3 * Estimated Cost (ii) 2 * Similar Work Value ≥ 0.4 * Estimated Cost (iii) Similar Work Value ≥ 0.5 * Estimated Cost
Technical Capacity
... View More
The required prior work experience for the bidder includes construction of any or a combination of Buildings, Roads, Driveway, Boundary Wall, Steel Structure, Retaining wall, Petroleum or Gas Installations, or Retail outlets. The bidder should have completed similar works, which should be completed in all respects with a final bill or completion certificate submitted as proof. The value of completed work for evaluation shall be considered as under: (i) Three similar completed works each costing not less than the amount equal to 30% of the estimated cost, which is Rs. 66,19,000.00 OR (ii) Two similar completed works each costing not less than the amount equal to 40% of the estimated cost, which is Rs. 88,25,000.00 OR (iii) One similar completed work costing not less than the amount equal to 50% of the estimated cost, which is Rs. 1,10,31,000.00. The required prior work experience for the bidder includes: - 3 years of experience for an engineer for civil work including structural and painting works with a value of Rs. 30,000. - 5 years of experience for an engineer, 2 years for another engineer, and 1 year for another engineer for works valued between 200-500, with salaries of Rs. 40,000, Rs. 25,000, and Rs. 20,000 respectively. - 8 years of experience for an engineer, 4 years for another engineer, and 2 years for another engineer for works valued above 500, with salaries of Rs. 50,000, Rs. 35,000, and Rs. 25,000 respectively. No specific percentage of similar works completed is mentioned, but the evaluation of the bidder's experience and work completion is based on the marks allocated to different aspects. The RA bill value ratio is evaluated based on the average RA bill value as a percentage of the execution value, with full marks for an average RA bill value above 20%, 2 marks for an average RA bill value between 10-20%, and nil marks for an average RA bill value below 10%.

Costs

  • EMD

    INR 55,000 (USD 628)

Description

Unlock the Tender details for free
Scription for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user

Contact

Unlock the Tender details for free
Documents
Report Missing Document
Disclaimer: BidAssist has made every reasonable effort to ensure that the information is accurate and authentic however it cannot be held liable for any third-party claims or losses of any damages. BidAssist makes no warranty, expressed or implied, as to the results obtained from the use of the information. If you think you may have noticed any error or omission, please let us know by contacting contact@bidassist.com.